119 Cane Creek Blvd Danville, VA 24540
Property profile & analytics
119 Cane Creek Blvd Danville, VA 24540
- Retail space
- 50,652 SF
- 9.77 lot acres
Property ID
US87-1582316
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 119 Cane Creek Blvd
- Year built
- 2004
- Construction
- CONCRETE
- Lot size
- 9.77 lot acres
- Property size
- 50,652 SF
- Zone code
- LIGHT ECONOMIC DEVELOPMEN
- Property type
- Retail space
- APN
- 77074
- APU
- 77074
Description
This exceptional commercial property, located at 119 Cane Creek Blvd in Danville, Virginia, 24540, presents a significant investment opportunity. The building encompasses approximately 50,652 square feet of rentable space, situated on a generous 9.76-acre lot. Currently vacant, this traditional office building offers immense potential for a variety of uses. Its previous use as a call center suggests a layout well-suited for large-scale operations requiring substantial space. The property boasts ample parking with approximately 450 spaces, ensuring convenient access for employees and clients. The zoning designation is LED-I, and there's potential for industrial use, subject to applicable regulations and approvals. The asking price is $3,500,000, translating to a price per square foot of $69.17. The property is conveniently located approximately 10 minutes from Downtown Danville, offering easy access to amenities and transportation routes. This is a rare opportunity to acquire a substantial, well-located commercial property in a growing market. Serious inquiries are encouraged.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,740,000
- 6.5%
- $5,300,000
- 7%
- $4,920,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,251,000
- AI Estimate
- $6,767,000
Market price range: $2.12M - $6.25MMarket price range: $2.21M - $6.77M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $4,115,000 Current use
- RESTAURANT
- $6,620,000 Change: +61% Conversion: Easy
- MEDICAL BUILDING
- $6,525,000 Change: +58% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $4,305,000 Change: +5% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Danville
- County
- Danville City
- State
- Virginia
- Longitude
- -79.3135
- Latitude
- 36.5796
- CBSA code
- 19260
- CBSA name
- DANVILLE, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$51,327
$97,600
$6,563,000
$6,660,600
-
$97,600
$6,563,000
$6,660,600
